The FINANCIAL -- China Chuangying Market Services Co., Ltd., a subsidiary of Shenzhen Stock Exchange (SZSE) in Hong Kong, signed memoranda of understanding with Chinese Securities Association of Hong Kong (HKCSA), Hong Kong Investment Funds Association (HKIFA), Hong Kong Securities Association (HKSA) and Hong Kong Securities and Investment Institute (HKSII) on Dec. 5, the launch day of Shenzhen-Hong Kong Stock Connect.
Deputy General Manager Jin Liyang of SZSE, Principal Wang Yixuan of the HK subsidiary, President Tan Yueheng of HKCSA, President Arthur Bacci of HKIFA, President Miao Yingyuan of HKSA and President John Maguire of HKSII attended the signing ceremony.
Jin indicated that in the process of market construction, SZSE has been paying great attention to motivating market players' initiatives and letting intermediaries and member units to play their roles. The signing associations and institutes have accumulated rich experience in professional constant training courses, membership management and supervision, and consultancy on securities industry policy making, making paramount contributions to driving the development of securities and funds industries of Hong Kong. Taking the opportunity of launching Shenzhen-Hong Kong Stock Connect and making the starting point of MOU signing, SZSE will deepen the connection with Hong Kong securities institutions and strengthen the cooperation with Hong Kong capital market from a higher, broader and deeper extent.
In accordance with the MOUs, the signing parties plan to organize promotion and training activities centering on Shenzhen-Hong Kong Stock Connect and SZSE market to build information sharing mechanisms and jointly research on the topic of Shenzhen-Hong Kong capital market cooperation.